Learning to catch High Probability Breakouts

[manojborle]

 

[manojborle]

 

[nitingosavi]

Reliance support @ 995/998 zone (futures).

a possible newer candidate to add some fire in fall.

 

[manojborle]

 

[manojborle]

 

[nitingosavi]

when nifty didnt provided any clear clue.
these charts helped me to be firm on my negative bias.

fortunately it was day/week/month/year end !

And it worked !

Dow Jones

none of the charts showing strength.
rather showing a possibility of some big fall.
will our market sustain such situations ?

Daily
A channel moving down.

weekly
A trend line break and retest.

monthly
falling candle from a possible selling zone.
Its a monthly chart. a little fall can be big.
already made a lower low, lower top likely (?)

 

[nitingosavi]

Had a great day today.

nifty puts partially / sbin puts fully booked
futures shorts- banknifty / relcap /axisbank /rcom/ BPCL/ Ceat/ yesbank/ tatasteel some big--some small trades. booked

A very very great start of the year !

BPCL/Asianpaints not working as per expectations yet, but not crossing resistance levels too.. almost everyday I am selling and booking them.

50% booked, rest nifty puts in hand which are already in big profit.

fully holding - yesbank puts/ axisbank puts /tatamotors future shorts are today mornings fresh positionals and carrying.

any options I am carrying is almost cost free now !

generally I trade all those stocks in some way futures/options, for which I post charts.

Happy new year !!

 

[nitingosavi]

Had a ADX trade today.

was watching it as it was near B/O on daily.
it had a trend line break and retest on 30 min. chart.
was near 6 times saluted resistance. on daily charts

Thanks to Manoj sir.

 

[amitrandive]

Just adding to ST Sir's post.

There is no special advanced methods.Simplicity works by way of price action.

Ideal long was above the 7950 of Spot Nifty.The other blue line below is the low of 3 previous day's,which is 7890.So anyways shorting below that level was always on.

You are right in saying that a trigger for long never came.But a trigger for short did come.

An additional trigger was a rising wedge pattern which once broke, did trigger a short below 7890.

Daily Chart of Spot Nifty

Posted in another thread.

 

[Rish]

Posted in another thread.

:thumb::thumb::thumb::thumb:

Nifty any rise sell only...as such no uptrend..till it reaches 7120 level..

This is my personal view...no way it is a trading call